National Quarries undergoing major turnaround, as it cuts production costs

Na­tion­al Quar­ries Com­pa­ny Ltd says it has achieved a ma­jor fi­nan­cial turn­around, re­duc­ing pro­duc­tion costs to be­low its sell­ing price for the first time in years, a de­vel­op­ment that could sig­nif­i­cant­ly al­ter the eco­nom­ic jus­ti­fi­ca­tion for the Gov­ern­ment’s pro­posed di­vest­ment of the State-owned en­ter­prise.

Speak­ing to Guardian Me­dia yes­ter­day, Na­tion­al Quar­ries CEO Shel­don Gan­ga said turn­around could ease pres­sure on home­own­ers, sta­bilise ag­gre­gate prices and re­duce de­pen­dence on Gov­ern­ment fund­ing

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The cost of build­ing homes, roads and oth­er in­fra­struc­ture in Trinidad and To­ba­go could be­come more af­ford­able as the com­pa­ny re­port­ed a dra­mat­ic re­duc­tion in pro­duc­tion costs, po­ten­tial­ly eas­ing pres­sure on con­sumers while re­duc­ing the fi­nan­cial bur­den on tax­pay­ers.